SasanSeifi| Key Levels to Watch in the 4-Hour Timeframe

13 de out.

Hey there, ✌ In the 4-hour timeframe, as observed on the chart XAUUSD, gold's price has seen a minor rise after reaching the $2,600 level and is currently trading around $2,657.

In the short-term outlook, one possible scenario is that after encountering the $2,668 supply zone, the price may enter a consolidation phase, with a slight pullback toward the $2,650 and $2,646 levels. If we receive the necessary confirmation signals at this stage, we could potentially see a price rebound and continuation of the upward trend. To maintain this upward momentum, holding the support levels between $2,646 and $2,640 is crucial.

In case of further correction, it’s essential to monitor the price’s reaction to these support zones. If the price finds support at these levels, a new upward move towards the mentioned targets could start. However, if these supports fail, there is a possibility of prolonged consolidation or even a further price decline.

On the other hand, if sufficient buying pressure emerges and the price manages to stabilize above $2,670 and $2,675, the chances of further growth towards targets like $2,700, $2,710, and $2,720 will increase.

This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊

15 de out.

Trade ativo

270 PIPS🤑
The price corrected approximately 270 pips from the anticipated range, as expected.✅

As you can see, the price reacted negatively from the 2668 level according to the first scenario and managed to correct down to the target level of 2646 and the 2638 price range, making an approximately 278-pip correction. Currently, the price has shown a positive reaction to the support level and is trading around the 2652 range. If the mentioned support level holds, the previous analysis remains valid, and the possibility of a price rebound and rise towards the 2668 – 2678 – 2685 – 2700 levels can be considered.

16 de out.

Trade ativo

🚀🤑Gold has moved well according to the scenario, rising about 387 pips from the desired support level.

20 de out.

Trade ativo

Gold followed the first scenario, encountering a negative reaction from the 2668 level, leading to a correction of about 278 pips, reaching the target of 2646 and the price range of 2638. Following this, the price showed a positive reaction to the support level. In the previous analysis, it was noted that if the support area holds, the previous analysis remains valid, and a potential rebound and further price increase toward 2668, 2678, 2685, and 2700 could be considered.

As you can see, the price followed the outlined scenario, rising approximately 830 pips to reach the 2700 target and the 2720 price range. The upcoming resistance levels are 2735–2750. A possible scenario to consider is that if the momentum weakens, the price might face range-bound movement or a slight correction near the upcoming resistances. For further upward movement, it will be crucial to observe how the price reacts at these levels to better understand the next potential trend.

24 de out.

Trade fechado: objetivo atingido

The price increased as expected, reaching the target of 2700 and further up to the 2720 range. In the last analysis, it was noted that the upcoming resistance range is 2735-2750. The scenario we can consider is that the price may face a range-bound movement or a slight correction if momentum weakens and a confirmation occurs at the upcoming resistance levels.

As you can see, the price faced a negative reaction from the 2750 resistance zone, correcting down to the 2720–2708 levels. Currently, we are seeing positive fluctuations in the price again. To better understand the continuation of the trend, we need to see how it reacts to the 2740–2750 levels. If it breaks through with strong momentum, it is expected to rise towards the 2775-2800 target levels. Additionally, if it gets rejected and a confirmation occurs, it may correct again towards the 2720-2700-2685 levels.